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8824 Cherry Avenue River Grove, IL 60171

$680,000
New / MLS# 12580377 / Multi Unit - Multiple / River Grove
8 Beds
5 Baths

Welcome to 8824 Cherry - A Turnkey Investment/money making Opportunity! Investors and potentially owner-occupant! This legal 3-unit building is a proven money maker w/ long-term tenants in place and low rents. Fully rented and well-maintained, w/ a lot of room to increase rental amounts to market rates. Garden unit was previous owners unit, condo-quality renovated, radiant heated floors, spacious 2 bed 1 bath & includes the newer oversized garage spot & has a private dedicated washer/dryer closet, right outside the door. Middle floor has 3 good sized bedrooms 1 1/2 baths, was completely remodeld w/ beautiful finishes, rent here could much higher...Top floor same floor plan as middle floor and in good condition. No history of flooding in this building. Large front side driveway big enough to fit 6 exterior cars. Middle/top floor Leases expire 4.30.2026. Garden lease through 3/31/26. Coin laundry in basement for extra income. River Grove Pre-sale inspeciton completed. Roof 7-8 years old. Projected market rents give this a cap rate is 7.1%!! Make your offer now!

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Baird & Warner Jeffrey Schwartz Email

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Estimated Payment

$ 2,895.11 per month $1,511.11 Principal & Interest $1,185.67 Property Tax $198.33 Homeowner's Insurance
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Property Details

Property Type: Multi Unit - Multiple
Basement: Finished, Full
Basement: Yes
Garage: 1
Heating: Natural Gas
Lot Size: 3706 SQFT
Taxes: $14,228
Year Built: 1965

Feature Descriptions

Exterior: Brick
Lot Dimensions: 3706 SQFT
Other Equipment: Water Heater-Gas
Parcel#: 12272210670000
Parking: Garage Door Opener, Yes, Garage Owned, Detached, Assigned, Off Street, Side Apron, Driveway, Additional Parking, Direct Access, Storage, Owned, Garage
Sewer: Public Sewer
Total Rooms: 14
Township: Leyden
Water: Public

Schools

High School: East Leyden High School
Middle School: River Grove Elementary School
Elementary School: River Grove Elementary School
School District: District 212

Disclaimer: The accuracy of all information regardless of source, including but not limited to square footage and lot size, is deemed reliable but not guaranteed nor warranted and should be personally verified through personal inspection by and/or with the appropriate professionals.

Location

See details and scored characteristics about this location.

Listing Office: @properties Christie's International Real Estate

Listing Office Phone: 773-432-0200



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